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The net present value of a project's cash inflows is $2,716 at a discount rate of 12 percent. The profitability index is for the project
The net present value of a project's cash inflows is $2,716 at a discount rate of 12 percent. The profitability index is for the project is 1.11, the payback period is 3 years and the firm's tax rate is 34 percent. What is the initial cost of the project?
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